Monday, August 28, 2017

THANK YOU, JANET YELLEN!!: New Uber CEO to Get at Least $200 Million

Khosrowshahi, Uber Technologies Inc.’s new chief executive officer, likely comes with a price tag in the neighborhood of $200 million, reports Bloomberg. But there is more

Khosrowshahi, who spent 12 years at the helm of Expedia Inc., held unvested stock options in that company worth $184.4 million as of Friday’s close in New York, according to data compiled by Bloomberg. There is no way those options would be worth $184.4 million without Federal Reserve chair Yellen printing money.

But Uber also has Yellen money so they will dish it out to Khosrowshahi.

You see, companies typically grant replacement awards to executives who must forfeit unvested equity when they leave before their employment terms have expired.

The ride-hailing company will likely also grant Khosrowshahi additional compensation, reports Bloomberg, such as an annual salary and stock awards that vest over several years to ensure he remains on the job for the foreseeable future. That could push his total price tag north of $200 million.